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11852 W Western Avenue Avondale, AZ 85323

5 Beds 4 Baths 3,207 sqft Built 2005

$396,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $123.48
  • 2 Days on Market
  • MLS # : 6179061
  • Updated Date : 01/09/2021 at 17:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,207 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Elite

Listing Agent's Description

Welcome to this 5bed Avondale home situated on a corner lot. This gem features beautiful curb appeal with 3 car garage, leading into the spacious fluid floor plan with 10 foot ceilings, all tile flooring down stairs, in nice staggered lay pattern. Well appointed kitchen boasts stainless steel appliances and a center island, making it a great place for gathering with friends and family. HUGE master bedroom down stairs, with large ensuite with separate tub and shower, double sinks, raised vanities and BIG walk in closet and private toilet room. Kitchen opens up to large family room and has two large pantries. Laundry room is down, plus has cabinets for storage. You will love the spacious 3 car garage. Upstairs has a big loft area and 4 bedrooms and 2 full bath. Split on one side is 3

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Glenhurst

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Glenhurst

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Collier Elementary School Primary Regular 876 50 3
Collier Elementary School Middle Regular 876 50 3
La Joya Community High School High Regular 2,051 84 1

Collier Elementary School

  • Education Level: Primary
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

Collier Elementary School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 50
3
GreatSchools Rating

La Joya Community High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 84
1
GreatSchools Rating
 

$356,400$435,600$396,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,375
Property Tax -$283
Property Insurance -$90
HOA -$62
Property Management Fees -$99
CASH FLOW
-$120

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$396,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,690

INVESTMENT

$110,690

Down Payment
$99,000
Rehab Estimate
$5,750
Closing Costs
$5,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,375

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,000
Loan Amount $297,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,950

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,7994$1,850
$1,850
RENT COMPS ANALYSIS
  • 11852 W Western Avenue Avondale, AZ 1
    • 5 beds 4 baths ∙ 3,207 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,207 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12533 W Winslow Avenue Avondale, AZ 2
    • 4 beds 3 baths ∙ 3,143 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,143 Sqft ∙ Built 2007
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.56
    •  
  • 11582 W Cocopah Street Avondale, AZ 3
    • 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,902 Sqft ∙ Built 2004
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.62
    •  
  • 11876 W Sherman Street Avondale, AZ 4
    • 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,207 Sqft ∙ Built 2004
    property image
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.58
    •  
PROPERTY LISTING DETAILS
Shannon Cunningham
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179061
Last Updated: 01/09/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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